1,850 Shares in DTE Energy Co (DTE) Purchased by Bell & Brown Wealth Advisors LLC

Bell & Brown Wealth Advisors LLC bought a new position in shares of DTE Energy Co (NYSE:DTE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,850 shares of the utilities provider’s stock, valued at approximately $204,000.

Several other institutional investors have also recently made changes to their positions in DTE. Schroder Investment Management Group grew its position in shares of DTE Energy by 33.0% in the second quarter. Schroder Investment Management Group now owns 8,849 shares of the utilities provider’s stock valued at $920,000 after purchasing an additional 2,195 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of DTE Energy in the third quarter valued at approximately $337,000. Nisa Investment Advisors LLC grew its position in shares of DTE Energy by 1.5% in the third quarter. Nisa Investment Advisors LLC now owns 49,800 shares of the utilities provider’s stock valued at $5,435,000 after purchasing an additional 750 shares in the last quarter. BB&T Corp grew its position in shares of DTE Energy by 32.9% in the third quarter. BB&T Corp now owns 4,662 shares of the utilities provider’s stock valued at $509,000 after purchasing an additional 1,153 shares in the last quarter. Finally, Aperio Group LLC grew its position in shares of DTE Energy by 5.3% in the third quarter. Aperio Group LLC now owns 104,504 shares of the utilities provider’s stock valued at $11,404,000 after purchasing an additional 5,255 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

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DTE opened at $119.81 on Tuesday. DTE Energy Co has a one year low of $94.25 and a one year high of $121.00. The company has a market capitalization of $21.80 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 3.22 and a beta of 0.27. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.55 and a current ratio of 0.73.

DTE Energy (NYSE:DTE) last released its quarterly earnings data on Thursday, February 7th. The utilities provider reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.01). DTE Energy had a net margin of 7.88% and a return on equity of 10.85%. The business had revenue of $3.75 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. As a group, analysts anticipate that DTE Energy Co will post 6.18 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Monday, March 18th will be issued a $0.945 dividend. This represents a $3.78 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Friday, March 15th. DTE Energy’s dividend payout ratio is presently 60.00%.

In related news, Chairman Gerard M. Anderson sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $119.39, for a total value of $1,313,290.00. Following the transaction, the chairman now directly owns 79,906 shares in the company, valued at $9,539,977.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.59% of the company’s stock.

DTE has been the subject of a number of analyst reports. Citigroup upped their price target on DTE Energy from $110.00 to $118.00 and gave the company a “neutral” rating in a research report on Monday, December 10th. Zacks Investment Research lowered DTE Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 5th. Wells Fargo & Co upped their price target on DTE Energy from $118.00 to $120.00 and gave the company a “market perform” rating in a research report on Thursday, October 25th. Credit Suisse Group lowered DTE Energy from a “neutral” rating to an “underperform” rating and upped their price target for the company from $109.00 to $111.00 in a research report on Thursday, October 25th. Finally, ValuEngine upgraded DTE Energy from a “hold” rating to a “buy” rating in a report on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $117.42.

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About DTE Energy

DTE Energy Company engages in the utility operations. The company's Electric segment generates, purchases, distributes, and sells electricity to approximately 2.2 million residential, commercial, and industrial customers in southeastern Michigan. It generates electricity through fossil-fuel, hydroelectric pumped storage, and nuclear plants, as well as wind and other renewable assets.

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